Why I'll Never Own Energy Transfer Stock
With more than $75 billion of infrastructure assets, Energy Transfer (NYSE: ET) is one of the largest pipeline operators in the U.S. The company and its CEO, Kelcy Warren, are often in the news -- be it for controversies relating to its pipelines or for the company's acquisition attempts. Energy Transfer stock has fallen to less than half of its price at the beginning of 2020. It currently offers a tempting yield of more than 20%. But considering the risks involved, I'm staying away and you would do better by avoiding the lure of this high yield.
In five years, Energy Transfer stock wiped away more than 76% in market value. Even including dividends, investors lost around 63% of the amount they invested five years back.
Source Fool.com
